Federal Government Proposes Plan to Cut off Seniors from Popular Mortgage Program!

association loans and banking

Federal Housing Administration Proposed Rule on Reverse Mortgage Program for Seniors Program excludes Seniors Living in Community Associations.

Take Action! CAI needs you to help by participating in this grassroots effort by contacting your congressmen and FHA that the proposed exclusion of community association senior citizens from the FHA reverse mortgage program which would expose association seniors to higher housing costs, fraud, and foreclosure—is simply bad public policy.

Federal government officials need to hear from as many people as possible! Encourage those in communities in your area to take action by visiting our ‘Take Action!’ center at www.caionline.org/takeaction to file comments with FHA and write their congressmen.

SHARE IT ON